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Apr 10, 2012
04/12
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the slow growth economies or no growth economies are all what they were two weeks ago, and germany had to basically breed everything, anyhow, two weeks ago. >> what you're seeing over the last week and a half are how much these banks are exposed all over again. some of them took the lpr money and said, this means everything is fine. they went out and bought their own sovereign debt and they have more winnings that they had before. >> by wait, tthe way, the sprea took the ltro is at a high when they were showing those concerns. >> above that 1370 level, what are technicians saying at this moment? >> we broke a trend line. i think you guys had carter worth on yesterday that was showing the trend line that goes back through the december lows and the early march lows. we've broken that. that means we'll have some kind of correction, and it may be an intermediate type correction. that would mean it can last weeks and not days. >> tomorrow's notes you're going to be put out, are you going to think about the fact that seasonally it's sort of deja vu all over again? >> it's not just the stock
the slow growth economies or no growth economies are all what they were two weeks ago, and germany had to basically breed everything, anyhow, two weeks ago. >> what you're seeing over the last week and a half are how much these banks are exposed all over again. some of them took the lpr money and said, this means everything is fine. they went out and bought their own sovereign debt and they have more winnings that they had before. >> by wait, tthe way, the sprea took the ltro is at...
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Apr 11, 2012
04/12
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, an economy where everybody has a fair shot. everybody is doing their fair share, everybody is playing by the same set of rules. the people who have joined me here today are extremely successful. they have created jobs and opportunities for thousands of americans. they are rightly proud of their success. they love the country that made their success possible and most importantly, they want to make sure that the next generation, people coming up behind them, have the same opportunities that they had. they understand, for some time now, when compared to the middle class, they haven't been asked to do their fair share. they are here because they believe there its something deeply wrong and irresponsible about that. at a time when the share of national income flowing to the top 1% of people in this country has climbed to levels we haven't seen since the 1920s, these same folks are paying taxes at one of the lowest rates in 50 years. one in four pays a lower tax rate than millions of hard-working middle class households. while many d
, an economy where everybody has a fair shot. everybody is doing their fair share, everybody is playing by the same set of rules. the people who have joined me here today are extremely successful. they have created jobs and opportunities for thousands of americans. they are rightly proud of their success. they love the country that made their success possible and most importantly, they want to make sure that the next generation, people coming up behind them, have the same opportunities that...
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Apr 12, 2012
04/12
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economy. but there have to be a lot of losers. even speculators on the -- >> a lot of people speculate about a bottom of coal. >> jim schchanos saying he shor the coal names. we take a look at the individual coal names and just over the past month, increase in shortage has been tremendous. console energy had a 46.5% increase. alpha natural, up 17.9%. so this has been becoming a crowded trade short the coal names. and goldman sachs is pointing out that all the conversions for utilities that have happened away in coal to nat gases have pretty much happened. that's that's it. so maybe there's a bottom here. >> csx do good coal loadings. if you want to play this, you know iron has bottomed. if you want to get a little coal here, this would be the saver na safe er maim. i thought maybe i have to rein it in. >> 30% year to date. shocking. >> that's the north face, not the jacket, but the way that it costs down. >> yes. coming up next, exclusive insight from inside facebook's ipo road show. what the company can't say out loud. and take a
economy. but there have to be a lot of losers. even speculators on the -- >> a lot of people speculate about a bottom of coal. >> jim schchanos saying he shor the coal names. we take a look at the individual coal names and just over the past month, increase in shortage has been tremendous. console energy had a 46.5% increase. alpha natural, up 17.9%. so this has been becoming a crowded trade short the coal names. and goldman sachs is pointing out that all the conversions for...
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Apr 13, 2012
04/12
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economy. i can't get a bid on the spanish economy. no. but i can get a price here. it was $44.48 about an hour ago and i wanted that. >> if hedge funds control 2 trillion in assets and a lot of going risk on/risk off and if they feel spain is not looking good they are going to sell and you'll be screwed. >> we should get to google. >> you used the word screw. >> was that all right? >> i guess. it's done. cat is out of the bag. >> you did too. >> i was quote ug. >> let's get to google unveiling a controversial stock plan first quarter profits come in better than forecast the company announcing a two for one effective stock split that create as new class of nonvoting shares. now there are two ishs here with goolg. the results which came in mixed. better than expected on the top line and bottom line essentially. but it decline more than people thought. that's a continue for concerns. they were able to manage expenses. mixed bag. then we have this whole issue of the effective stock split. >> the r
economy. i can't get a bid on the spanish economy. no. but i can get a price here. it was $44.48 about an hour ago and i wanted that. >> if hedge funds control 2 trillion in assets and a lot of going risk on/risk off and if they feel spain is not looking good they are going to sell and you'll be screwed. >> we should get to google. >> you used the word screw. >> was that all right? >> i guess. it's done. cat is out of the bag. >> you did too. >> i was...
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Apr 16, 2012
04/12
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economy or even many economies, spain, this is going to be a tail wind or a head wind that isn't going to go away. today's other big story was the chinese yuan. you have interesting facts about what happened in '94. why don't we show the two-day chart of the dollars' relationship with the yuan and go back 20 years. >> if you look at the monthly chart, you'll see the yuan was devalued from 5.8 yuan to the dollar to 8.7. that was also the beginning of nafta. it reflects upon how the chinese are such great watches of the global environment. out of the chinese devaluation, we are sitting here right now looking at the gdp numbers from 1994 of china through their national bureau statistics. the gdp of china was 560 billion. >> a little over half a trillion in '94 during that devaluation. what are they today? >> at the end of 2011 using the national bureau statistics, 7.3 trillion. so that devaluation really helped propel. don't forget the chinese at the time were competing against the onslaught of the asian tigers. then of course we see '97 and '98, the huge capital investment into asian tig
economy or even many economies, spain, this is going to be a tail wind or a head wind that isn't going to go away. today's other big story was the chinese yuan. you have interesting facts about what happened in '94. why don't we show the two-day chart of the dollars' relationship with the yuan and go back 20 years. >> if you look at the monthly chart, you'll see the yuan was devalued from 5.8 yuan to the dollar to 8.7. that was also the beginning of nafta. it reflects upon how the chinese...
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Apr 17, 2012
04/12
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you have a staple with growth in developing economies and emerging economies. few companies do that well. >> sparkling is the area -- soda especially. whatever fizzes is sparkling. that's been slow in north america. slow down in soft drink sales. we are seeing a growth in sparkling beverages in north america on top of energy drinks and teas. that's a powerful combination. close to 52-week highs. people reach toward that when there is market turmoil. the stock is seeing nice gains in the premarket here. in terms of still beverages, water up 15% on the quarter. teas up 10%. energy drinks helped by the ncaa and powerade is up 25%. those are the highest growth areas. we are seeing a nice gain. >> what it may mean in terms of what was a loss of market share and pressure we know is on to reverse the slide? >> it just highlights the increased pressure pepsi is under. the fact that coke can make the sparkling story work in north america and around the world but particularly north america because it is a mature market puts the pressure on pepsi. pepsi is a totally diffe
you have a staple with growth in developing economies and emerging economies. few companies do that well. >> sparkling is the area -- soda especially. whatever fizzes is sparkling. that's been slow in north america. slow down in soft drink sales. we are seeing a growth in sparkling beverages in north america on top of energy drinks and teas. that's a powerful combination. close to 52-week highs. people reach toward that when there is market turmoil. the stock is seeing nice gains in the...
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Apr 18, 2012
04/12
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economy and your stance on where the u.s. economy is going. >> i think when you made a gigantic housing bet and you see usg going up, an investment and mass going up on bad quarters and the housing stocks being some of the best during the first quarter, what you come back and say, listen, might have the wind at its back, it is difficult to come up with price to earnings analysis on berkshire hathaway as opposed to apple where goldman sachs comes out with numbers butting a $53 number on 2013 and you see i am buying a company selling at certainly vulnerable versus buying a company where i really like the fact that berkshire hathaway made a lot of money over the years. they're different styles of investing. some i am more comfortable with than others. you have to look at the prestige if not wild mosaic and decide the insurance business hasn't been so hot, maybe it is going to get better. the housing business hasn't been so great, benjamin moore paints, look at the sherwin williams number. thinking, you know what, everything coul
economy and your stance on where the u.s. economy is going. >> i think when you made a gigantic housing bet and you see usg going up, an investment and mass going up on bad quarters and the housing stocks being some of the best during the first quarter, what you come back and say, listen, might have the wind at its back, it is difficult to come up with price to earnings analysis on berkshire hathaway as opposed to apple where goldman sachs comes out with numbers butting a $53 number on...
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Apr 19, 2012
04/12
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again, it's not going to be straight line for the economy. if you told me growth in the spring is going to be on the soft side, i wouldn't argue with you. but in general, i think we're okay. >> philly fed today? >> i haven't seen it. >> 8.5%. >> that's right in there. it's manufacturing base expanding, adding to growth. it's fine. consistent with 2.5% growth. >> start this is week weren't that hot. we just got existing. pisani's argument is that there is a recovery in housing year to date, it's undeniable. but not enough to catch fire anywhere. >> that's right. the housing crash is over. home sales came in at 4.7%, 4.8%, something like that. we were at 4.3% last year. we were at 4.1% the year before. >> we've got critical mass here? >> critical mass. >> have we got critical speed, forgive me, on the economy -- >> i'm not a citizphysicist buts working on that. we're close. we're creating enough jobs to create enough income to support spending and more hiring. >> but shouldn't it be more at this stage with what the fed is doing, after so long?
again, it's not going to be straight line for the economy. if you told me growth in the spring is going to be on the soft side, i wouldn't argue with you. but in general, i think we're okay. >> philly fed today? >> i haven't seen it. >> 8.5%. >> that's right in there. it's manufacturing base expanding, adding to growth. it's fine. consistent with 2.5% growth. >> start this is week weren't that hot. we just got existing. pisani's argument is that there is a recovery...
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Apr 2, 2012
04/12
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we can do this without hurting the economy. you hear all of this stuff about if we raise taxes on the job creators, it's going to hurt the economy. guys, you heard that same rhetoric when bill clinton proposed raising taxes on the top 2% in 1992. we did it. and whether what clinton did, it surely didn't hurt the economy. we produced 23.5 million new jobs in the next six years. it doesn't hurt job creation to make a slight, fair adjustment. >> thank you. >> let's get another perspective on what has just been said. joining me now is the chairman of the republican national committee. good morning to you, sir. you heard it just now. a call for higher effective rates, corporate tax rates as part of a burden-sharing agreements. >> yeah. i wasn't sure where governor rendell was going. he's certainly not an obama democrat, that's for sure. but the reality is that we have -- and i'm not the tax policy guy. my buddy paul ryan is. and that's what he did. that's what he proposed in congress last week, which was to cut out some of these loo
we can do this without hurting the economy. you hear all of this stuff about if we raise taxes on the job creators, it's going to hurt the economy. guys, you heard that same rhetoric when bill clinton proposed raising taxes on the top 2% in 1992. we did it. and whether what clinton did, it surely didn't hurt the economy. we produced 23.5 million new jobs in the next six years. it doesn't hurt job creation to make a slight, fair adjustment. >> thank you. >> let's get another...
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Apr 24, 2012
04/12
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economy, i think. on the note of the u.s. economy, it's 10:00 a.m. eastern that gives you a sense as to business formation, for example, and what they're seeing in terms of enterprise. so we'll listen closely at 10:00 a.m. because sometimes you do get some key macro sense there from at&t. >> it's very funny, the earnings season. everyone says is it good or is it bad? i don't care. we heard chatter. it's qe 2 -- no, no. there are companies that weren't supposed to do that well and they're doing great. aged there's other companies whose stocks are going down. it's that simple. that's what's going on. >> you never know what you're going to get. >> right. fair enough. >> net flix, for example. >> not spending a lot of money. >> capital expenditures. verizon and at&t would start rivaling up. they weren't spending as much. that hasn't happened yet. we'll see if there's a catch up in capital expenditures. keep that in mind, by the way, because less cap x means perhaps less money being given. >> i think these cap x numbers are very important. although texas
economy, i think. on the note of the u.s. economy, it's 10:00 a.m. eastern that gives you a sense as to business formation, for example, and what they're seeing in terms of enterprise. so we'll listen closely at 10:00 a.m. because sometimes you do get some key macro sense there from at&t. >> it's very funny, the earnings season. everyone says is it good or is it bad? i don't care. we heard chatter. it's qe 2 -- no, no. there are companies that weren't supposed to do that well and...
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Apr 25, 2012
04/12
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china is going from a construction capital goods economy to a consumer economy. for everything that apple picked up in china, it seems like caterpillar lost. it's like their communists over there pap command chinese communist economy. there's a group of guys in a room and they say, here is the deal. we are no longer going to buy cranes and earth movers. we can put the money in people's hands and they are going to go buy apple. >> you are having a collapse to a certain extent in china. we don't talk about it as much but it is significant. and we know they've tamped down. they've increased cal capital balances. they've forced the banks to slow lending and so you're not getting as much development. >> brazil. >> i've visited the busiest caterpillar franchise in the world, which is in brazil, as you might imagine, leader in producing things like soybeans. i don't know what to make about it, though. >> really quickly, coke had a two for one buyback. >> if they watch this show, they take action. i appreciate that. >> why do two for one at 74 bucks? >> they used to do a
china is going from a construction capital goods economy to a consumer economy. for everything that apple picked up in china, it seems like caterpillar lost. it's like their communists over there pap command chinese communist economy. there's a group of guys in a room and they say, here is the deal. we are no longer going to buy cranes and earth movers. we can put the money in people's hands and they are going to go buy apple. >> you are having a collapse to a certain extent in china. we...
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Apr 26, 2012
04/12
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i think the pace of the economy is littling. sometimes it looks a little better, sometimes a little worse. we've had a very mild winter, we may get payback on the down side for that. there are cross currents in the data, but i think when you kind of sift through the haze, the economy is getting better, it is improving, but as i said, it kind of is this one step forward, two steps back. and we need to do better for a lot longer to repair the damage that was done. >> josh, appreciate that. have a great day. >> you, too. >>> straight ahead, sir lawrence, larry kudlow, making his triumphant return. first, the winning and losing stocks in the euro. [ nadine ] buzzzz, bzzzz, bzzzz, bzzzz, you know, typical alarm clock. i am so glad to get rid of it. just to be able to wake up in the morning on your own. that's a big accomplishment to me. i don't know how much money i need. but i know that whatever i have that's what i'm going to live within. ♪ ♪ laces? really? slip-on's the way to go. more people do that, security would be like --
i think the pace of the economy is littling. sometimes it looks a little better, sometimes a little worse. we've had a very mild winter, we may get payback on the down side for that. there are cross currents in the data, but i think when you kind of sift through the haze, the economy is getting better, it is improving, but as i said, it kind of is this one step forward, two steps back. and we need to do better for a lot longer to repair the damage that was done. >> josh, appreciate that....
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Apr 27, 2012
04/12
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economy compared to almost every other economy looks healthy. and in pretty good shape. >> if you characterize the u.s. economy as healthy, how do you characterize the chinese economy, especially with the short sellers out there who are shorting china fairly aggressively. are short sellers off the mark? >> i think they are. they've certainly been right so far np shorting china. i think they've had a soft landing and stabilized growth at around 7-8%, which is pretty darn good for the second biggest economy in the world. and i think the markets are starting to suggest that their commercial real estate markets. and i think china is fine at nine and i think china is going to be a very positive surprise in months to come. >> i see of your investments, you've got a lot in asia. but also oil services and u.s. tech. what most excites you in tech and oil services on this market at the moment. >> well, we what most excites me about tech is that i think we're still in the second or third year of a spending boom. and it's going to continue. and that the val
economy compared to almost every other economy looks healthy. and in pretty good shape. >> if you characterize the u.s. economy as healthy, how do you characterize the chinese economy, especially with the short sellers out there who are shorting china fairly aggressively. are short sellers off the mark? >> i think they are. they've certainly been right so far np shorting china. i think they've had a soft landing and stabilized growth at around 7-8%, which is pretty darn good for the...
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Apr 30, 2012
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an 8.1% reading in the last number indicates their economy continues to slow. so i'm not necessarily thinking we have to be down in the low 1,100 range. but to support 1,400 in the s&p 500 is going to require an acceleration of economic data which is going to pinnests for earnings that analysts have raised in the second half of 2012 to something that is achievable. if we haven't going to see the manifestation of faster economic growth, i think those expectations are set a little bit too high. i could see equity prices sag back down into the low 1,300s before we resume any kind of advance, if we see a quickening of economic activity. >> so potentially 100 points from here on the s&p? >> correct. >> mark, thanks a lot for your time. appreciate it. >> thank you, melissa. >>> when we come back this morning, online travel stocks on the move. we'll see how these stocks can pack your portfolio with profits, especially if you were in expedia last week. >>> later, an exclusive interview with the chairman and ceo of dominion resources, how his company is dealing with the
an 8.1% reading in the last number indicates their economy continues to slow. so i'm not necessarily thinking we have to be down in the low 1,100 range. but to support 1,400 in the s&p 500 is going to require an acceleration of economic data which is going to pinnests for earnings that analysts have raised in the second half of 2012 to something that is achievable. if we haven't going to see the manifestation of faster economic growth, i think those expectations are set a little bit too...
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Apr 4, 2012
04/12
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economy doing better and less qe3. that's negative for gold. better u.s. economy. u.s. outperforming is a negative for gold, two positive signs i see. yes, spanish funding costs are rising and certainly a great concern over there. this is the first time in a while seeing spanish funding costs rise and a major issue and why we're weighing on europe. one thing that worried me today. not so much spain funding prices rising, i expected it. i did not expect spain. huh? remember, they're the big export exporters. soft export figures raising concerns of over in asia. remember, soft landing in china is a key to the global growth story and doesn't support that idea. the aussie dollar at a two-month low. yesterday, the royal bank of australia held rates steady and all sorts of hints they may, in fact, be cutting very, very at's something to keep an eye on. over to you. >> look, bob. the best call of anybody on europe. i'm glad to be on the right side of bob. he had a correct call. shift to rick santelli. rick? >> yesterday, jim, we were all paying very close attention to the five
economy doing better and less qe3. that's negative for gold. better u.s. economy. u.s. outperforming is a negative for gold, two positive signs i see. yes, spanish funding costs are rising and certainly a great concern over there. this is the first time in a while seeing spanish funding costs rise and a major issue and why we're weighing on europe. one thing that worried me today. not so much spain funding prices rising, i expected it. i did not expect spain. huh? remember, they're the big...
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Apr 5, 2012
04/12
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what we'll see are the two economies looking more like each other and both economies will reinforce each other's growth patterns because one will be a producer of the commodities needed by the other. >> reporter: of course it all comes down to china, at least in jp morgan's view, and they see china's growth in terms of natural gas demand at 18% a year. that's why china will become the second is largest natural gascon assumer. they say in about two-year's time. this puts it on a domestic commodity, exactly the kind of training they're hoping the students who come here to this commodities center will learn. that is why jpmorgan has partnered with the university here to make this commodity center. we'll hear a lot more about the commodities center. we're going to talk to the head of global commodities, blythe masters on power lunch and ask her more than about the commodities center but also about her outlook for commodities and much, m m coming up on "power lunch." back to you guys. >> sharon, can't wait for that. sharon epperson in denver. art cashin joins us here to talk about some market
what we'll see are the two economies looking more like each other and both economies will reinforce each other's growth patterns because one will be a producer of the commodities needed by the other. >> reporter: of course it all comes down to china, at least in jp morgan's view, and they see china's growth in terms of natural gas demand at 18% a year. that's why china will become the second is largest natural gascon assumer. they say in about two-year's time. this puts it on a domestic...
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Apr 9, 2012
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economy gets a little bit better. they have ended that. ended that bullish call on the russell 2,000 on the basis that maybe the macrodata is not p panning out. russell has been notably under performing. russell has done just about the same as the s&p 500. it is a little bit under performed because of its decline today. you can see up 8%. the s&p up about 11%. talk about other things. i'm a little concerned about what has been going on with apple. i want to show you something and nothing to do with the downgrade. as apple has moved up 50% since february, the volume has moved up almost 50% in apple. apple is one of the only stocks out there that is actually having volume surges. look at this. the six month average, 17.5 million shares. in the last ten days, the ten-day average has been 22.5. this is a little bit of a concern when you get the stock as big as this. not only sucking up the market capitalization but ucissing up the volume. in other words, there is a lot of risk sitting in apple in terms of amount of trading and terms of the mar
economy gets a little bit better. they have ended that. ended that bullish call on the russell 2,000 on the basis that maybe the macrodata is not p panning out. russell has been notably under performing. russell has done just about the same as the s&p 500. it is a little bit under performed because of its decline today. you can see up 8%. the s&p up about 11%. talk about other things. i'm a little concerned about what has been going on with apple. i want to show you something and...
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Aug 1, 2012
08/12
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the economy and jobs still on the radar this morning. the laide employment report from adp, showing that the private sector added a better than expected number. the watch is on to see if the fed statement will point the way toward further monetary stimulus. in terms of the adp results, we're getting sort of a bid on the futures. the bright spot is the addition by the large companies. those company with his more than 500 jobs. they added the bulk, 23,000 versus no growth in the prior months of 2012. we've not had a lot of growth at that level. i talk to paychecks all the time. they don't have the growth, but there's a farce cal trade going on. every piece of data that's gone on, i hear the same thing, it's just not weak enough, which is great. you need strong data fo friday. we can't be so bipolar to say, wow, i really need data today and good data on friday. >> as if the fomc has not already pretty much decided what it's going to do. >> amazing data yet showed 245 the market's up 60% since mber 16th when the zero interest rate policy beg
the economy and jobs still on the radar this morning. the laide employment report from adp, showing that the private sector added a better than expected number. the watch is on to see if the fed statement will point the way toward further monetary stimulus. in terms of the adp results, we're getting sort of a bid on the futures. the bright spot is the addition by the large companies. those company with his more than 500 jobs. they added the bulk, 23,000 versus no growth in the prior months of...
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Aug 10, 2012
08/12
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remember, the economy for retailers is so-so. if you go back and look at companies like starbucks, they did their transformations when nobody was watching. i don't think you can really make that comparison here. though it is interesting to watch. but what we know in this case is, you got to give the guy time. he made that horrible mistake of giving guidance right out of the chute which made absolutely no sense. i had been a fan. that took me right off the fan base at that point. and now, you know, you look at companies that have activists like acton backing them or in the case of yahoo! and you can say these activists who are rattling the cages, they're not going to be rattling the cages any longer so they certainly will have a long road. but it's interesting, because when you and i talk, carl, to any of these retail experts that we know, and there are so many of them, it's so hard to find one who's willing to say it's going to work. they're all betting against it. >> people made fun today, herb, about some of their metrics. gros
remember, the economy for retailers is so-so. if you go back and look at companies like starbucks, they did their transformations when nobody was watching. i don't think you can really make that comparison here. though it is interesting to watch. but what we know in this case is, you got to give the guy time. he made that horrible mistake of giving guidance right out of the chute which made absolutely no sense. i had been a fan. that took me right off the fan base at that point. and now, you...
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Aug 13, 2012
08/12
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and that's a key part of the economy in north dakota. really draconian cuts beyond what we had ever seen. beyond that, his proposal to really shred medicare will not sell well in a state that is increasingly aging. more than that, i really do hope people remember, how did we get here? at the end of the bush administration, we were on the brink of financial collapse. paul ryan and mitt romney supported the policies that put us in that position. >> you're thinking that president obama's closer to winning after this choice than mitt romney's closer? >> i do. i think the american people have common sense. this president's not been perfect. none of us in public life are. but the fact is he averted a depression. let's never forget that. >> senator, thanks for joining us. guys, back to you. >> john, thank you very much for that. let's send it over to courtney reagan for a market flash. >> take a look at shares of v visteon. their ceo steps down. >>> up next, taking a look at how ryan's budget plan, which includes a major overhaul of medicare an
and that's a key part of the economy in north dakota. really draconian cuts beyond what we had ever seen. beyond that, his proposal to really shred medicare will not sell well in a state that is increasingly aging. more than that, i really do hope people remember, how did we get here? at the end of the bush administration, we were on the brink of financial collapse. paul ryan and mitt romney supported the policies that put us in that position. >> you're thinking that president obama's...
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Aug 14, 2012
08/12
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that's a great thing for our economy. when the rest of the economy gets as good as corporate balance sheets. all at the top of the hour, of course. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> it's a rough rough morning groupon with earnings. some vendors inevidentbly continue to flock to groupon to do business. and we wanted to explore what's working for groupon at the moment. two vendors join us now. live from chicago, amy davis is with us. she is with amerlaser offering cellulite reductions, including butt lifts. and cindy english who joins us were dedojo offering self defense classes in new york.
that's a great thing for our economy. when the rest of the economy gets as good as corporate balance sheets. all at the top of the hour, of course. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try...
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Aug 15, 2012
08/12
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this is stuff that we're not trading economies here or jobless claiming or the new york empire number or the philly fed index. we're trading stocks. we're investing in companies, and google is not constrained by the four walls of the financial canvas. he said like this. >> yeah. >> bob pisani is on the floor, finally done flirting with the u.s. rowing team. >> come on, they're just lovely and they're big unlike the gymnastic girls yesterday, gabby is five feet tall, and these girls are six feet tall. enough about that, i looked at the economic numbers this morning, i was surprised cp sierks i is so tame. i think we should see inflation and housing and we're not. i guess people are buying foreclosed units for rentals an i guess that's good news on a certain level. did you see china and hong kong down another 1% overnight. no talk of stimulus. if you don't think k talk of stimulus vote move the markets, you're not paying attention. did you see what happened in india? they're up overnight? why? great economic news? no, they had cpi number that's came in very tame, that is their cover to
this is stuff that we're not trading economies here or jobless claiming or the new york empire number or the philly fed index. we're trading stocks. we're investing in companies, and google is not constrained by the four walls of the financial canvas. he said like this. >> yeah. >> bob pisani is on the floor, finally done flirting with the u.s. rowing team. >> come on, they're just lovely and they're big unlike the gymnastic girls yesterday, gabby is five feet tall, and these...
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Aug 16, 2012
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that's the problem in india, plus the weak economy. we also saw china down 7%. i'm just checking my stats here. india and china are about 45% of total gold demand for investment and for jewelry. so that kind of decline is noticeable, and does have an affect on total world demand president it's down about 7%, total demand. that's very important. another interesting trend i saw on the report, investment banks dr or excuse me. the state-run government banks, central banks are big buyers of gold, and certain emerging market banks are buyers because thee trying to diversify their reserves. let me mention cisco, you mentioned john chambers being upbeat on the u.s., and i thought some of his comments were particularly upbeat. in the first quarter we saw positive ground and/or uptrends, especially in the second half of the quarter. finally, everyone's complaining about the light volume. let me tell you, it is a worldwide phenomenon. the australian securities exchange put out a note, they have seen a very soft start to the trading year. it began in july. down by a third.
that's the problem in india, plus the weak economy. we also saw china down 7%. i'm just checking my stats here. india and china are about 45% of total gold demand for investment and for jewelry. so that kind of decline is noticeable, and does have an affect on total world demand president it's down about 7%, total demand. that's very important. another interesting trend i saw on the report, investment banks dr or excuse me. the state-run government banks, central banks are big buyers of gold,...
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Aug 17, 2012
08/12
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we're in a tough economy right now. markets very volatile. how does this global macro situation affect or not affect this market? >> it does affect us in the sense that it actually brings confidence into our car market. there are uncertainties in the worldwide markets. certainly there's a flight towards hard goods, collectibles. we've found that the car market has really strengthened from that. people feel very comfortable putting their money in assets that they know, love and enjoy. >> reporter: we talked to owners yesterday who said, i'd rather put my money in a car that's going to be safe in the garage, unlike a stock which could disappear overnight. tell us, as an investment, what should people know -- is this a sure bet? are cars a great safe investment, or are there things investors should know before looking at cars at a sure bet investment? >> every investment has its risks, obviously. and cars have been great investments. but i always tell people, buy it because you love it. buy it in case if it goes up or down, you've got to love it
we're in a tough economy right now. markets very volatile. how does this global macro situation affect or not affect this market? >> it does affect us in the sense that it actually brings confidence into our car market. there are uncertainties in the worldwide markets. certainly there's a flight towards hard goods, collectibles. we've found that the car market has really strengthened from that. people feel very comfortable putting their money in assets that they know, love and enjoy....
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Aug 2, 2012
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economy. that is one of my great concerns about all of this pump-priming which does not solve their fiscal problems at all. second point, speaking of fiscal problems, i draw everybody's attention to glen hubbard's article on mitt romney's economic plan. it has a lot of specifics in there. you will see romney unveil this and speak about this from here to the republican convention. it's going to be a major argument. it's spending cuts, tax cuts, roll-back regulations, awfully good in my view it sounds like free market capitalization. >> i always feel we cheat you, we don't give you enough time. more "squawk on the street" after this. with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. latex bed
economy. that is one of my great concerns about all of this pump-priming which does not solve their fiscal problems at all. second point, speaking of fiscal problems, i draw everybody's attention to glen hubbard's article on mitt romney's economic plan. it has a lot of specifics in there. you will see romney unveil this and speak about this from here to the republican convention. it's going to be a major argument. it's spending cuts, tax cuts, roll-back regulations, awfully good in my view it...
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Aug 20, 2012
08/12
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what's your take on the economy in europe? has it bottomed out or do you at least see a bottoming out there and you can say, okay, we think we see things improving? >> we talked about this a few times in the last year or so. if i looked at 2011, europe was a tale of north and south. the southern european countries were quite difficult, quite challenging. northern european countries last year were moving forward but at a relatively slow pace. this year i think you could say that the slow pace is right across the whole continent now. having said that, you know, the uk has performed quite well this year. germany is holding in there. some of the low countries, n netherlands, belgian, they have seen growth. the southern european issues are not something that are going to turn around this year, probably not next year. so we see a flat to sideways movement in the market over the next 12, 18 months ahead. >> quickly, about the u.s. luxury market, your sales are up 9.5% this year. you're a smidgen behind mercedes-benz. have the luxury
what's your take on the economy in europe? has it bottomed out or do you at least see a bottoming out there and you can say, okay, we think we see things improving? >> we talked about this a few times in the last year or so. if i looked at 2011, europe was a tale of north and south. the southern european countries were quite difficult, quite challenging. northern european countries last year were moving forward but at a relatively slow pace. this year i think you could say that the slow...
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Aug 21, 2012
08/12
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last night, there was repo activity people think they will be more subtly fine tuning their economy economy. china is mixed. a rotation we're seeing in more metals and mining plays can continue. >> tim, always good to see you. >> thanks. sorry about the hair. >> all about the hair. >> catch more every week night on tuesdays and "squawk" on street. >> he waived it provocatively at you. >> i don't think he had any control and waived wivivevewave. >> who better to ask than go goldman's golden girl, abby joseph cohen. next on cnbc. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> good morning. if you just joined us, we're one hour into trade. 7:30 on the west coast and 10:30 in the east coast. urba
last night, there was repo activity people think they will be more subtly fine tuning their economy economy. china is mixed. a rotation we're seeing in more metals and mining plays can continue. >> tim, always good to see you. >> thanks. sorry about the hair. >> all about the hair. >> catch more every week night on tuesdays and "squawk" on street. >> he waived it provocatively at you. >> i don't think he had any control and waived wivivevewave....
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Aug 22, 2012
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what's the mood on the economy? you can see it split right down the middle. 50% say the economy's recovering. 46% say it isn't. that's where ultimately this election is going to be fought out until november. carl? >> john, a lot of discussion this week about whether or not we're over-playing the todd akin news out of missouri. it is consequential, you agree, yes? >> yes. we always over-place any development in the race. that's the nature of media, things get distorted and blown out of proportion. however, i think this is very unhelpful to the republican party. party leaders know it. that's why they're trying to get todd akin out of the race. it's going to race the profile of issues, which is an advantage to democrats. democrats would rather be talking about social issues than the economy. republicans, precisely the opposite. >> before we let you go. have you ever covered a hurricane before? >> i have. i used to work for the st. petersburg times in florida. now called "the tampa bay times" which the forum is going to
what's the mood on the economy? you can see it split right down the middle. 50% say the economy's recovering. 46% say it isn't. that's where ultimately this election is going to be fought out until november. carl? >> john, a lot of discussion this week about whether or not we're over-playing the todd akin news out of missouri. it is consequential, you agree, yes? >> yes. we always over-place any development in the race. that's the nature of media, things get distorted and blown out...
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Aug 23, 2012
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economy. wow. that started the rally. it could end the rally. >> there's scuttlebutt, speculation, a secret cap on yields, italian and spanish debt as one tool they could use. >> we have to be careful. what we really want is them to have a fed. we want them to go and do what ben bernanke did. they don't have that kind of jurisdiction. they have a path. if the germans are willing to help out, there will not be this suicide pact. the germans have to get past the idea that they are an island, but an ilan that supports the euro. >> bernanke, maybe the highlight of jackson hole that they should be watching is draghi's speech. >> gold being a barometer perhaps they have to refligate over there. baltic freight has been up for the last two days. just trying to look for pieces of data that support the decision that it's not the end of the world. >> facebook is up a percent. >> i use facebook to post pictures. >> do you sepia them? >> excuse me. >> do you sepia them? >> did you watch my twitter pictures of being at the waste manage
economy. wow. that started the rally. it could end the rally. >> there's scuttlebutt, speculation, a secret cap on yields, italian and spanish debt as one tool they could use. >> we have to be careful. what we really want is them to have a fed. we want them to go and do what ben bernanke did. they don't have that kind of jurisdiction. they have a path. if the germans are willing to help out, there will not be this suicide pact. the germans have to get past the idea that they are an...
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Aug 24, 2012
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and global economy. in the short run, september could certainly be an interesting month as we gauge what the ecb is going to do. i know there were stories coming out this morning on the news wire talking about a temporary greek exit from the currency block. i think that this would be, you know, a big problem and potentially if it's not handled well could be disruptive to the european economic outlook and in turn the broader global outlook. >> yeah. i mean what kind of odds would you put on that? you're referring to headlines today that say maybe they don't get a divorce necessarily, but they get a brief separation. you think that would be disruptive? >> you know, if it's executed perfectly then it could be effective, but i think the odds of executing it perfectly and then the nondisruptive fashion, you know, are pretty substantial. >> david, you know, looking at fund mentals to the degree we can do that claims are still close to their lows for the year, housing people excited about that, even some weird
and global economy. in the short run, september could certainly be an interesting month as we gauge what the ecb is going to do. i know there were stories coming out this morning on the news wire talking about a temporary greek exit from the currency block. i think that this would be, you know, a big problem and potentially if it's not handled well could be disruptive to the european economic outlook and in turn the broader global outlook. >> yeah. i mean what kind of odds would you put...
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Aug 27, 2012
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but one wonders if this economy is based on lick kwidty whether building an economy on what is, in fact, counterfeiting is very good for the economy in the long term. >> now you know the word. counterfeiting. i'll tell you, it really struck me when i heard rick rule on squawk box today use that word. because on section a8 in the "wall street journal," angela merkel cautious on criticism of greece, she specifically on ard television sunday night in germany talked about this topic with reference to a bavarian conservative politician. liking the bond buying by the ecb to counterfeiting. so i ask you, it is counterintuitive that by printing more of these, we're going to take care of a problem created by printing too many of these. but nonetheless whether it's bund -- there's a lot of people that think the medicine of quantitative easing is addictive and a bit dangerous. just now add counterfeit to that long list. it might feel comfortable to us. but not everybody is going to accommodate that type of strategy. back to you. >> interesting parallel. of course, every counterfeiter will tell you
but one wonders if this economy is based on lick kwidty whether building an economy on what is, in fact, counterfeiting is very good for the economy in the long term. >> now you know the word. counterfeiting. i'll tell you, it really struck me when i heard rick rule on squawk box today use that word. because on section a8 in the "wall street journal," angela merkel cautious on criticism of greece, she specifically on ard television sunday night in germany talked about this topic...
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Aug 28, 2012
08/12
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he still notes a weak economy. thanks to some growing developing market trends, they expect to beat tomorrow. carl. >> yeah. one of the big names we're watching today. thanks, courtney. when we come back, tropical storm isaac gaining steam in the gulf. threatening mobile communication in that area. the question is are wireless companies ready? we'll talk about that after a short break. [ male announcer ] let's level the playing field. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. ♪ >>> cell phone service sure to be affected by isaac's heavy wind and rains. our mary thompson is live at at&t esgloble network operation in new jersey where they're prepping for whatever the storm may bring.
he still notes a weak economy. thanks to some growing developing market trends, they expect to beat tomorrow. carl. >> yeah. one of the big names we're watching today. thanks, courtney. when we come back, tropical storm isaac gaining steam in the gulf. threatening mobile communication in that area. the question is are wireless companies ready? we'll talk about that after a short break. [ male announcer ] let's level the playing field. take the privileged investing tools of wall street and...
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Aug 3, 2012
08/12
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i think its going to be a drag on the economy for quite some time. so i'm hopeful that we can work this out before the problem occurs. >> finally, you've been a critic of the fed for a while, congressman. and of course, a lot of the market action, the s&p is at the highest level since may, is arguably about anticipating further balance sheet expansion from the fed. is there room for them to do anything right now, to foster more employment? >> no, not that is effective. i think absent a collapse of the eurozone, absent a fiscal cliff, they've really done all that they can do. in fact too much on employment. i think extending the zero interest rate policy for another year does nothing. i think banks, if you lower the interest rate on excess reserves, banks still will not lend more because businesses aren't purchasing more. and then finally i think trying to lower the rates lower, long-term, because the fed bond purchases, that's not the problem. i really think absent a crisis from europe, the fed needs to step back and i think leadership at the white h
i think its going to be a drag on the economy for quite some time. so i'm hopeful that we can work this out before the problem occurs. >> finally, you've been a critic of the fed for a while, congressman. and of course, a lot of the market action, the s&p is at the highest level since may, is arguably about anticipating further balance sheet expansion from the fed. is there room for them to do anything right now, to foster more employment? >> no, not that is effective. i think...
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Aug 6, 2012
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partly because there are some silver lines to a weak economy. cost of labor, cost of capital for being cheap and this has allowed earnings to be decent if not brilliant. going forward if you can remove some of the tail risks and the two big ones are europe and fiscal cliff the market can grind higher into qe3 and q4. >> what's the biggest worry. is it europe or the scandinavia? fiscal cliff. because of the elections? >> well, melissa thanks for having me. both are pretty terrifying for investors right now. i would say in the short term there's a road map for the fiscal cliff that will get people panicky. we have a conference call tomorrow to outline jpmorgan's global view on this. the thing that's most fearful today, sunday night what most people were worried about is s&p is up 11% and most professional managers are trailing by huge margin. you have to remember there's only 13% of active managers are beating their benchmark by 250 basis points. it's the worst in the history of active management. >> wow. the work is cut out for guys, russ. that s
partly because there are some silver lines to a weak economy. cost of labor, cost of capital for being cheap and this has allowed earnings to be decent if not brilliant. going forward if you can remove some of the tail risks and the two big ones are europe and fiscal cliff the market can grind higher into qe3 and q4. >> what's the biggest worry. is it europe or the scandinavia? fiscal cliff. because of the elections? >> well, melissa thanks for having me. both are pretty terrifying...
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Aug 7, 2012
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well, because the economy is. but i just want to point out a couple of things here because that's my job. we're less than 2%. about 1% from a four-year high. forget three-month highs, i'm past all of that stuff. new york, something i watch the short interest on the new york stock exchange. how many people are shorting the market, betting things are going to go down? it's near a five-year high. everybody hates the stock market. but that's an indicator that the market might go up, because that represents shares that have to be bought back. you all know that. that's a classic contrarian indicator. august what i've been watching is the market leadership finally is inverting and keep hearing about all of these dividend paying stocks. we've been talking to sore in the throat about how well they're doing. but it's starting to invert a little bit. finally. you can call it a little bit of profit taking. it's not just profit taking because money is going into the other groups. it's expensive. dividend payers have been under
well, because the economy is. but i just want to point out a couple of things here because that's my job. we're less than 2%. about 1% from a four-year high. forget three-month highs, i'm past all of that stuff. new york, something i watch the short interest on the new york stock exchange. how many people are shorting the market, betting things are going to go down? it's near a five-year high. everybody hates the stock market. but that's an indicator that the market might go up, because that...
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Aug 8, 2012
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it helps people in emerging economies. it's a great thing. and we're looking very much forward to what they do. >> the games have gone off practically without a hitch in london. visa incredible, i would say, just power in owning the games from a payment processing standpoint. has it paid off does it reaffirm your commitment to the olympics? talk about some of the benefits? >> well, remember, we've been doing this with the olympics since the 1980s. and our relationship with the olympics during that period of time were what made visa what it is today. i don't -- i don't know if everyone in the audience remembers, but, of course, back then it was go to the olympics, but you better bring me visa because they don't take american express. >> i remember that. >> this is -- we didn't have much market share at the time. so, it certainly propelled us into a much different position. we're a global company right now and being associated with the olympics today is something that we're extraordinarily excited about. it's a -- it's a way to bring the global
it helps people in emerging economies. it's a great thing. and we're looking very much forward to what they do. >> the games have gone off practically without a hitch in london. visa incredible, i would say, just power in owning the games from a payment processing standpoint. has it paid off does it reaffirm your commitment to the olympics? talk about some of the benefits? >> well, remember, we've been doing this with the olympics since the 1980s. and our relationship with the...
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Aug 9, 2012
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i don't know how they stimulate the economy more. they've been trying. >> it was seen this month would be the payoff of all the programs that had been green lighted in the past, all the rate cuts, all the rrr cuts, everything would have paid off in this quarter. we didn't see that in retail sales or cpi. we -- well, we saw it in cpi. >> industrial production. >> industrial production. we haven't seen growth in china since 2011. the beginning of 2011 despite all of this. >> they have a lot of room to cut, still. i think there's a perception in china that why bother to waste your powder until the europeans get it together? that said, there's something, a calendar issue here. the united states goes on vacation because of labor day. europe goes on vacation. chinese, no vacation. they're in. working just like usual. there is a sense that it's business as usual in china. vacation a lot of other places. i continue to believe, the chinese, unless you get a coordinated situation in europe, listen, everybody else has to get it together before
i don't know how they stimulate the economy more. they've been trying. >> it was seen this month would be the payoff of all the programs that had been green lighted in the past, all the rate cuts, all the rrr cuts, everything would have paid off in this quarter. we didn't see that in retail sales or cpi. we -- well, we saw it in cpi. >> industrial production. >> industrial production. we haven't seen growth in china since 2011. the beginning of 2011 despite all of this....
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Dec 10, 2012
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and then there's the wall street economy. and i must tell you that i had this whole big plan out to give evidence and actually walk you through why i was convinced after last week that this recession call, no matter what happens with the fiscal cliff, is going to happen to 2013. but then i spoke with my greatest source in terms of the overall markets. this is the guy who gave u.s. the heads-up in terms of what's happening with apple when he follows the mutual fund holdings and that turned out to be the absolute best indicator on the top and when it became oversold. so this is what rich said to me, forget about what people are telling you in the real economy. when you manage money it's about what the stock market is thinking. these are the pivotal five reasons why the stock market will go higher into the end of the year and early next year. it's very simple. contra investment sentiment. you can't find anyone bullish on the stock market other than a handful of strategists. bond fund inflows. if we were anywhere near our top of
and then there's the wall street economy. and i must tell you that i had this whole big plan out to give evidence and actually walk you through why i was convinced after last week that this recession call, no matter what happens with the fiscal cliff, is going to happen to 2013. but then i spoke with my greatest source in terms of the overall markets. this is the guy who gave u.s. the heads-up in terms of what's happening with apple when he follows the mutual fund holdings and that turned out...
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Dec 11, 2012
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the economy's not strong now. so the argument to raise taxes now is not any better than it was two years ago. i think there's a real danger we could end up with some damaging tax increases, and nothing to show for it. >> jim, quick reaction to that exchange between you and grover? >> there was a lot of positives here. grover wants to put cameras in the room. when i cover the florida legislature, how many years ago was that, they put cameras in the room. you know what happened, a lot of people started making a lot of sense. so i think that grover makes some good points, because you wouldn't get this kind of rancor. >> jim, good to have you down there. we need you down there today. we want to draw your attention to the screen here. david and melissa was halted for news pending. and here is some news. >> this goes back, of course, if you recall, liberty owned a stake in expedia. trip adviser was spun off from expedia. but they also still held a stake there. i have to look in a bit more, but there have always been a l
the economy's not strong now. so the argument to raise taxes now is not any better than it was two years ago. i think there's a real danger we could end up with some damaging tax increases, and nothing to show for it. >> jim, quick reaction to that exchange between you and grover? >> there was a lot of positives here. grover wants to put cameras in the room. when i cover the florida legislature, how many years ago was that, they put cameras in the room. you know what happened, a lot...
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Dec 12, 2012
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what does goldman have to say about the state of the economy. we'll get that exclusive a little bit later in the show. costco, as we said, set to open higher after that better than expected number. will other retailers follow suit. we'll get the answer when the opening bell rings in just about 4 1/2 minutes. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from ch [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science.
what does goldman have to say about the state of the economy. we'll get that exclusive a little bit later in the show. costco, as we said, set to open higher after that better than expected number. will other retailers follow suit. we'll get the answer when the opening bell rings in just about 4 1/2 minutes. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores....
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Dec 13, 2012
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economy. obviously, if you just look at the breakout, only 10%. but the spinoffs of housing, automotive, very good, both in bull market mode. i attribute a lot of that to what the fed has done. gave lot of credit to the fed, perhaps, but also feel the debate shifted yesterday in washington. i began to hear way too many people say, you know what the president is curiously unengaged when it comes to cuts. i have always felt the president had the upper hand in this debate. i listened to bernanke and bernanke says, listen, i know they aren't going to come to deal. i see a lot of republicans on air saying we start to understand what they are they want as cuts. not hearing anything from the president. made me feel grim about the fiscal cliff, good about what the fed wants to do, very grim about the power of the fed, beyond what it's already done. >> the "wall street journal"/nbc news poll of americans about the fiscal cliff, some very interesting findings, just to that point, jim, two-thirds polled want congress to strike a deal and cut the budget, even
economy. obviously, if you just look at the breakout, only 10%. but the spinoffs of housing, automotive, very good, both in bull market mode. i attribute a lot of that to what the fed has done. gave lot of credit to the fed, perhaps, but also feel the debate shifted yesterday in washington. i began to hear way too many people say, you know what the president is curiously unengaged when it comes to cuts. i have always felt the president had the upper hand in this debate. i listened to bernanke...
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Dec 14, 2012
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it is harmful to the economy. it's so bad, in fact, that in anticipation of the harm it would do, the federal reserve doubled down on its dangerous policy of quantitative easing. they only did that for one reason, they're so worried about the future, now we'll come along with the huge tax increase, and spending cuts, a dangerous policy to just say, okay, let's just go over the cliff. we may end up doing it. the secretary's exactly right. these are tough negotiations. and like all tough negotiations, they almost always get settled at the end. but the problem is, the time frame is shrinking quickly. the secretary's suggestion of tuesday is probably close to right. if we don't have something pretty firm at that point, we're going to have to go to one of the two alternatives i described, go over the fiscal cliff as bad as that is, or agree we're getting close and kick the can down the road to early next year, and continue to fight. sometimes it's better just to live to fight another day. >> mr. secretary, i was fascin
it is harmful to the economy. it's so bad, in fact, that in anticipation of the harm it would do, the federal reserve doubled down on its dangerous policy of quantitative easing. they only did that for one reason, they're so worried about the future, now we'll come along with the huge tax increase, and spending cuts, a dangerous policy to just say, okay, let's just go over the cliff. we may end up doing it. the secretary's exactly right. these are tough negotiations. and like all tough...
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Dec 17, 2012
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so what does lacker think we should do now when it comes to the economy. steve liesman is now joined by jeffrey lacker. steve, take it away. >> david, thanks very much. i'm here with jeff lacker, the lone dissenter in the last fed meeting. i think you dissented all year long. >> true. >> let's get into the reason why you dissented. in the past you dissented on the purchases. this time there was a new aspect to the statement. you dissented on the issue of the economic targets. what's wrong with 6.5% unemployment and 2.5%? >> i was happy to get rid of the calendar date. i thought it was flawed, created awkward problems for us when the time came to adjust it one way or another. i was happy to get rid of that. i agreed to that part of the committee's decision. i think that setting a numerical threshold for unemployment, i would have preferred a qualitative approach to describing conditions under which we'd -- we're likely to start raising rates. numerical threshold for unemployment is risky for a couple of reasons. first, because no one's statistic can really
so what does lacker think we should do now when it comes to the economy. steve liesman is now joined by jeffrey lacker. steve, take it away. >> david, thanks very much. i'm here with jeff lacker, the lone dissenter in the last fed meeting. i think you dissented all year long. >> true. >> let's get into the reason why you dissented. in the past you dissented on the purchases. this time there was a new aspect to the statement. you dissented on the issue of the economic targets....
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Dec 18, 2012
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the economy and the fiscal cliff with henry mcvey. head of global macro and asset allocation. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. >>> greenberg is out with his list of the worst ceos of 2012. number five for us? >> all day long i'll be doing this. who is the worst ceo of 2012? somebody who's been on the worst list in prior years, but is on my list for the second
the economy and the fiscal cliff with henry mcvey. head of global macro and asset allocation. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or...
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Dec 19, 2012
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if you consider it's an export economy, not a consumption economy, tell me exactly why it's so bad to have a little deflation so basic middle class japanese pay less for their goods and services? what's wrong with that? >> nothing. you know, deflation is fine. they got to get that economy going. the only way they're really going to do that, i think, on the longer term per specti -- perspective is to weaken that yen. they need to lift the exports in order to drive that growth. the only problem is -- >> i'll tell you what, if you're in europe and looking at the way the dollar is flying against the yen, especially germany, also in an export economy, i think this is going to be a big setup for a little confrontational export tariffs or issues. we have to run, adrian. always a pleasure, sir. >> thank you. >> thanks so much, rick. rick santelli in chicago. in a few minutes, the president will make a statement on gun control and potential new policies in the wake of the shooting in newtown, connecticut. that's a live shot of the briefing room. we'll get you nose comments live when they happe
if you consider it's an export economy, not a consumption economy, tell me exactly why it's so bad to have a little deflation so basic middle class japanese pay less for their goods and services? what's wrong with that? >> nothing. you know, deflation is fine. they got to get that economy going. the only way they're really going to do that, i think, on the longer term per specti -- perspective is to weaken that yen. they need to lift the exports in order to drive that growth. the only...
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Dec 20, 2012
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economy tom porcelli will join us live. plus ups expects to have the busiest day of the year for shipping. we'll have a live report still ahead. tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5373. you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. can i still ship a gift in tim
economy tom porcelli will join us live. plus ups expects to have the busiest day of the year for shipping. we'll have a live report still ahead. tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace,...
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Dec 21, 2012
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economy. we had great numbers yesterday. we had a good head of steam in housing and durable goods. >> better than expected at least. >> i think you could cool the economy a little bit. but unlike 2008, where i was worried that my paycheck wouldn't cash and my bank would fail, unlike the debt ceiling -- >> i know that. i'm saying it is a very, very different time now, no doubt about it. the only thing being we're relying on our leaders in washington to try to craft some sort of solution. >> did you have quotes around the word leader then? i'm only watching your lips. if you were to type that, would there be quotes around leaders? >> yes. >> thank you. i rest my case. >> i'm willing to take those quotes off. >> if they show that they are truly leaders without quotes. >> i come to work every day, my tallahassee paycheck, still in my wallet. i was a reporter. i made $137 a week. and if i had seen that go down to 127, i would have been angry. that was my subsistence. there are people who play for d
economy. we had great numbers yesterday. we had a good head of steam in housing and durable goods. >> better than expected at least. >> i think you could cool the economy a little bit. but unlike 2008, where i was worried that my paycheck wouldn't cash and my bank would fail, unlike the debt ceiling -- >> i know that. i'm saying it is a very, very different time now, no doubt about it. the only thing being we're relying on our leaders in washington to try to craft some sort of...
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Dec 24, 2012
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but what about the economy? bank rate says one in three consumers tell it the fiscal cliff is making them hold back on spending and budgets are on everyone's mind. >> definitely shopping on a budget because i just wrote a book and i had to spend a lot of money to get the book printed so i have to be very careful. >> we're always on a budget but we always exceed it. >> my budget this year is lower than last year but it's going okay. i am still able to get people little gifts here and there. >> we're spending a lot of money this year. we're buying everybody gifts this year. just because, i guess, it's almost the end of the world. >> well, it's not the end of the world. she still has to pay her credit card bills. costco and nordstrom, he said this weekend it looks like it was a little tepid and it is very tough to gauge how online sales have been. >> everybody is up extremely strongly online but at the same time i think a lot of the retailers gave such good discounts and for so long so early that i think they pulle
but what about the economy? bank rate says one in three consumers tell it the fiscal cliff is making them hold back on spending and budgets are on everyone's mind. >> definitely shopping on a budget because i just wrote a book and i had to spend a lot of money to get the book printed so i have to be very careful. >> we're always on a budget but we always exceed it. >> my budget this year is lower than last year but it's going okay. i am still able to get people little gifts...
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Dec 26, 2012
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what we have here, i think, is a discount driven economy. consumers are looking for the best possible prices. we look at search term data, i analyzed about 1.2 million search terms over the last week to the top retail 500. there's been about a 48% increase in searches that contain percent off or discount. that's a clear indication that consumers are really waiting for the best possible price. >> in terms of most searched products, you would expect, i don't know, an ipad, maybe a kindle fire, but uggs tops the list 2308d by the fire and by the ipad. barbie, ipad mini. does uggs come as a surprise or is this always the case? >> it comes as a surprise to me every year over the last seven years. it was the numb one last year. it was a bit of a surprise to me this year because we've heard some news from decker that there was a decrease in ugs sales. ugs are a late fourth quarter product. out of 1.2 million search terms, it was the number one searched product so that i think indicates that we'll probably see a little bit of a bump of sales in ugs
what we have here, i think, is a discount driven economy. consumers are looking for the best possible prices. we look at search term data, i analyzed about 1.2 million search terms over the last week to the top retail 500. there's been about a 48% increase in searches that contain percent off or discount. that's a clear indication that consumers are really waiting for the best possible price. >> in terms of most searched products, you would expect, i don't know, an ipad, maybe a kindle...
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Dec 27, 2012
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western economies rely on growth. you stop growing, you're like a sha shark, you die, we need to do that for the debts we're piling up. what fuels growth is the next generation of young workerings. young workers are not coming into the workforce. look at southern europe with youth unemployment. take 15% youth unemployment in spain and compound that with the fact they stop having babies. what happens in a generation or two. >> i tell you, bill, you got me thinking, i encourage readers to read this. in some of the biggest developed economies pushed the most growth are below a 2% utility rate. this has to be dealt with at some point. back to you. >> thanks, rick. >>> road trip and big bank is in highways an byways in the road for yield. we'll explain how. and actually. the lexus december to remember sales event is on. this is the pursuit of perfection. stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for
western economies rely on growth. you stop growing, you're like a sha shark, you die, we need to do that for the debts we're piling up. what fuels growth is the next generation of young workerings. young workers are not coming into the workforce. look at southern europe with youth unemployment. take 15% youth unemployment in spain and compound that with the fact they stop having babies. what happens in a generation or two. >> i tell you, bill, you got me thinking, i encourage readers to...